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Dec 10, 2012
12/12
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how do you actually know what consumers let's say in south america, africa actually like in terms of fragrances? >> it's imminently linked to the culture of a local country. especially on the state side, especially on the flavor side. so we don't create fragrances and flavors for the indians and the chinese. we have 9,000 people around the world. half of them create the next fragrances and flavors. and out of those 4,500 people, you have roughly 2,000 people who are actually in those countries. they are local people so we are chinese employees, chinese favors, will create those fragrances and flavors for the whole market. because, again, you can't know about the local culture out of switzerland. so you have to by there. and we have there in all of those countries so we do expensive consumer tests. we do expensive consumer insight. we drive the trend and that's helpful to grow in those markets. >> another factor that's created a lot of headache is the strength. how difficult is it to be a globally operating company that's based here in switzerland? >> actually, being a swiss company i
how do you actually know what consumers let's say in south america, africa actually like in terms of fragrances? >> it's imminently linked to the culture of a local country. especially on the state side, especially on the flavor side. so we don't create fragrances and flavors for the indians and the chinese. we have 9,000 people around the world. half of them create the next fragrances and flavors. and out of those 4,500 people, you have roughly 2,000 people who are actually in those...
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Dec 18, 2012
12/12
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we can take a look at what we have seen in bank of america leading the pack up 97% this year. discover up 67%. citigroup up by nearly half. we asked you earlier what you thought. is this too little too late, i guess we could say? chase hay has said meredith whitney is like many forecasters. if you guess long enough, one day you'll make the right call but developly you'll strike out again. >> what do you think? join the conversation here, tweet us or e-mail us. here is what's happening in european trade this morning. we're seeing mostly green arrows. although the cac 40 is fractionally lower. down by 0.03%. the ibex trying to hold off with .8% there. before we head to break, the third quarter account figures are out at 8:00 a.m. eastern. then at 10:00, the nahb will put out its housing market index. dallas fed president richard fisher will speak at 1:15 p.m. and for earnings, look for results from oracle, saxson farms. we see the dow looking to at more than 50 point. we're looking at a year without any major vix spikes, down nearly 4% in just the last day. 30% this year. jim is
we can take a look at what we have seen in bank of america leading the pack up 97% this year. discover up 67%. citigroup up by nearly half. we asked you earlier what you thought. is this too little too late, i guess we could say? chase hay has said meredith whitney is like many forecasters. if you guess long enough, one day you'll make the right call but developly you'll strike out again. >> what do you think? join the conversation here, tweet us or e-mail us. here is what's happening in...
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Dec 31, 2012
12/12
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obviously, across america. we're focused mostly on the northeast, for sure, being in manhattan as we are. but we see strength in markets across -- not just across the united states, but also globally. and that kind of thing has gone to, i think, a level of education and interest that certainly has been burgeoning in america for the last ten or 15 years. now as markets become more sophisticated and get up to speeds with these levels of fine wine we're seeing that accelerate not just in the far east, but in emerging markets. >> and, chris, what are you popping open tonight? >> i think i'm going to have some roanarke champagne tonight. we're going to cheer a difficult end of the year in terms of what we want through regionally, but we're going to look forward to hopefully a fantastic year coming up. >> all right. he's staying traditional. chris adams is chairman and ceo of sharely lehman. thanks very much. >>> straight after the break, we take a look at whether chinese companies are helping iran break u.s. trade e
obviously, across america. we're focused mostly on the northeast, for sure, being in manhattan as we are. but we see strength in markets across -- not just across the united states, but also globally. and that kind of thing has gone to, i think, a level of education and interest that certainly has been burgeoning in america for the last ten or 15 years. now as markets become more sophisticated and get up to speeds with these levels of fine wine we're seeing that accelerate not just in the far...
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Dec 21, 2012
12/12
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skanska saying it's going to take a charge on hits to latin america. and adp to paris is lowering its growth target for 2015 as lower traffic .lower economic projections since the summer are now affecting its prospects, down 6%. so, again, whether it's a fiscal cliff or generally speaking with, the message this morning is fairly weak. take a look at the bond space note. moving into gilts, moving out of italy and spain, but as we've been saying, 4.5% or under that and about 5.3% for spain aren't bad considering. t thor row/dollar is weaker. most of the risk currencies are moving lower. euro/dollar down by .3%. sterling is weaker against the dollar. we're seeing the dollar generally up. the dollar/yen here up .4% for the yen. so we've seen some significant weakening as the bank of japan trying to combat deflation. but today, a pause in that move. joining us now with plenty more on the asian trade, diedra. >> it's not the end of the world, but it is pretty ugly out here in asia. markets were headed towards some gains today and then all of a sudden we did
skanska saying it's going to take a charge on hits to latin america. and adp to paris is lowering its growth target for 2015 as lower traffic .lower economic projections since the summer are now affecting its prospects, down 6%. so, again, whether it's a fiscal cliff or generally speaking with, the message this morning is fairly weak. take a look at the bond space note. moving into gilts, moving out of italy and spain, but as we've been saying, 4.5% or under that and about 5.3% for spain aren't...
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Dec 14, 2012
12/12
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america's natural gas... putting us in control of our energy future, now. >>> it's that time of year. president obama is expected to appoint a new treasury secretary. and speculation is rife with who might land the job. the front-runner seems to be jacob or rather jack lew. he's the former white house chief of stan staff and budget director. others are pulling for gary gensler. as for a female candidate, one name being floated is laura d. tyson, former economic adviser to president clinton. and billionaire warren buffett recently called for jpmorgan's ce oo jamie dimon to take the post. in an interview earlier this week, dimon shot down that speculation. >> i'm not suited. i don't believe i'm suited to it. i don't believe a ceo from wall street can be confirmed. .it's not what i want to do. i love my company. we do a lot avenue great stuff. i think it's perfectly suited to that. jamie did run through support behind front-runner jack lew and here is what he had to do. >> i think the world of jack rew. it's the
america's natural gas... putting us in control of our energy future, now. >>> it's that time of year. president obama is expected to appoint a new treasury secretary. and speculation is rife with who might land the job. the front-runner seems to be jacob or rather jack lew. he's the former white house chief of stan staff and budget director. others are pulling for gary gensler. as for a female candidate, one name being floated is laura d. tyson, former economic adviser to president...
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Dec 28, 2012
12/12
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bottom line, whatever happens in the next few days, markets, corporate america and consumers in america are probably going to have to deal with continued fiscal wrangling' in washington for weeks and weeks and weeks. >> we're going to talk more about the fiscal cliff and later on in the show. just coming back to europe for a second or touching on europe -- >> even more boring. >> because i'm quite looking forward to next year and i'm looking forward to hoping that we're not going to be sitting on politicians the same way we have over the last year, two years, looking at every single line that comes out of therefore mouths. i'm hoping we're going to see march of a sense of normality coming back into the european trades. >> as mohamed el-erian said, it's the new normal. nothing is going to happen next year in all probability. there will be the italian electrics. if berlusconi starts to poll better in a run up to the italian elections, which i think will happen, then you're likely to see bonds markets reacting a little bit to that. that could cause problems in the spanish and italian yield
bottom line, whatever happens in the next few days, markets, corporate america and consumers in america are probably going to have to deal with continued fiscal wrangling' in washington for weeks and weeks and weeks. >> we're going to talk more about the fiscal cliff and later on in the show. just coming back to europe for a second or touching on europe -- >> even more boring. >> because i'm quite looking forward to next year and i'm looking forward to hoping that we're not...
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Dec 27, 2012
12/12
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but look, something has changed in the politics of america. right now, george h.w. bush is very ill. he may pass on in the next couple of weeks or so. when he does, that will be the passing of the last truly national president. look at how he was elected in 1998. he won traditionally democratic as well as republican states. he was a moderate guy, a war hero. he was respected by people across the aisle. that was the last time in history you'll see that. >> that it is, president obama got a lot of votes in 2008 by a lot of votes that were not just -- >> that is so. but clinton did quite well but only because ross perot was running. very complicated. in terms of it being a national figure, someone reaching across the aisle, you haven't seen that. one of the things that h.w. did while he was in office, he he cut a budget deal raising some taxes with some republican support. >> and that's what made his legacy as a one-term president. >> and that's what killed him. but he was at that turning point when conservatives were no longer willing to accept that. conservatives did
but look, something has changed in the politics of america. right now, george h.w. bush is very ill. he may pass on in the next couple of weeks or so. when he does, that will be the passing of the last truly national president. look at how he was elected in 1998. he won traditionally democratic as well as republican states. he was a moderate guy, a war hero. he was respected by people across the aisle. that was the last time in history you'll see that. >> that it is, president obama got a...
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Dec 13, 2012
12/12
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america filed for bankruptcy last year. amr critters would own 730% of the airlines with a value of potentially $8.5 billion. >>> and jeffrey the ga rav won't be getting out much over the next few weeks. for the third straight year, toys r us says it will keep stores over 24/7 to 10:00 p.m. on christmas eve. the retailer's flagship store has been opened around the clock since december 2nd. toys r us joins macy's on the late shift. macy's will be open all night. both chains will have special sales for those shoppers burning the midnight oil and we hope for some of the workers, too. >>> and the u.s.'s madison square garden was the center of the rock and roll universe. they played a benefit for survivors of hurricane sandy. it wa televised, streamed online and shown in theaters across the globe. as a result, 2 billion people were able to tune in. the cast included rolling stone, paul martin, alicia keys and kanye west. in case you missed it, here is a selection from billy joel. ♪ i don't have any reasons i left them all behi
america filed for bankruptcy last year. amr critters would own 730% of the airlines with a value of potentially $8.5 billion. >>> and jeffrey the ga rav won't be getting out much over the next few weeks. for the third straight year, toys r us says it will keep stores over 24/7 to 10:00 p.m. on christmas eve. the retailer's flagship store has been opened around the clock since december 2nd. toys r us joins macy's on the late shift. macy's will be open all night. both chains will have...
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Dec 17, 2012
12/12
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there needs to be a conversation about america's history and culture of violence. when it comes to what will happen take place, there is a huge gulf between what we might desire and what is politically feasible. we have to face the fact that gun ownership is constitutionally affected, that any legislation has to be federal and that means outlawing whole classes of guns and saying whole categories of people can't get access to them and that is an enormous lobby behind access. >> that's the real issue is the lobby behind this. >> right. >> but i wonder if there isn't a way to pursue tougher assault weapons bans while having this discussion that you talk about and, in fact, there isn't a link that you talk about which is to the to say you're hearing the gop saying largely there needs to be more spending on mental health. it's inconsistent with the message of austerity. >> it's conservative wanting to side step the gun control issue talking instead on about funding other types of programs. maybe that will tie in together. but the reality is that 1999 columbine happened
there needs to be a conversation about america's history and culture of violence. when it comes to what will happen take place, there is a huge gulf between what we might desire and what is politically feasible. we have to face the fact that gun ownership is constitutionally affected, that any legislation has to be federal and that means outlawing whole classes of guns and saying whole categories of people can't get access to them and that is an enormous lobby behind access. >> that's the...
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Dec 11, 2012
12/12
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new destinations for lastin america, korean nations, they have been improving in the last year or so. so that doesn't mean that europe is not -- europe is still the destination destination worldwide. >> ohio does it work out on the global net? i'm wondering whether the pie getting bigger has meant the european number stays the same. >> europe is still increasing, but now we have to -- >> it's getting bigger. >> exactly. >> right. okay. so we're not losing out. >> it's just interesting that the euro not being weaker is the largest issue regarding tourism. it doesn't look like that's in the cards. >> a weak euro is very good for our overseas travelers. they're coming to europe and especially the usa and canada are troubled a lot. which is very, very good. >> where is the money coming from? >> the usa and canada, we will now have to focus in brazil and china, which are emerging economies. >> and, james, do you find it at all encouraging if there's a balancing away from the european sector in europe? is it something that needs to happen or is it still going to remain on positive industry?
new destinations for lastin america, korean nations, they have been improving in the last year or so. so that doesn't mean that europe is not -- europe is still the destination destination worldwide. >> ohio does it work out on the global net? i'm wondering whether the pie getting bigger has meant the european number stays the same. >> europe is still increasing, but now we have to -- >> it's getting bigger. >> exactly. >> right. okay. so we're not losing out....
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Dec 12, 2012
12/12
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we have central and south america and all of asia including china. there's so many opportunities to grow hello kitty as well, too. if we want to double our company's size, we need more. >> that's your goal. what's the time frame for accomplishing that? >> we're looking for something like five years. in these five years we have increased our market cap for five times larger. and what we want to do is to continue that. 20% to 30% growth. >> and acquisitions as you say will be a key part here. what targets are you looking at and what's funding like for purchases you want to make? >> we have a cash position of close to 400 million u.s. dollars. and we have a deficit stimulus side. basically we don't have debt. we can finance, as well. but we have cash flows. so there's no worry about the cash. >> okay. >> yeah. i was going to -- in terms of extending the brands, how do you embrace the digital arena here in things like ebooks and -- >> yes. we just started amazon.com program with mr. man and little miss. it's really since jettic. especially the small kids
we have central and south america and all of asia including china. there's so many opportunities to grow hello kitty as well, too. if we want to double our company's size, we need more. >> that's your goal. what's the time frame for accomplishing that? >> we're looking for something like five years. in these five years we have increased our market cap for five times larger. and what we want to do is to continue that. 20% to 30% growth. >> and acquisitions as you say will be a...
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Dec 20, 2012
12/12
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. >> so would a resolution of the fiscal cliff in the united states mean that america stops running up debt, would that be a positive step towards resolving that problem, even though it could be a drag on growth in the u.s. economy? >> translator: do not regard myself as a highly educated economist. from where i am, i watch the debate and i see, for example, some economists such as the nobel laureate paul goodman believe this could be counterproductive because too many action of this type could damage one of the important factors of the u.s. economy. on the other hand, unless there is some limit to the growth of u.s. debt, particularly with respect to debt as related to gdp, this could serve in the end badly if there was no limit to it. after all, the u.s. economy still accounts for about one-third of the global economy. so this cannot continue because the burden of u.s. debt is beginning to be felt in other countries where there is a u.s. dollar, where u.s. dollar is used for various purposes. so the fiscal cliff -- well, what can i say is we certainly don't want to this to be a cliff
. >> so would a resolution of the fiscal cliff in the united states mean that america stops running up debt, would that be a positive step towards resolving that problem, even though it could be a drag on growth in the u.s. economy? >> translator: do not regard myself as a highly educated economist. from where i am, i watch the debate and i see, for example, some economists such as the nobel laureate paul goodman believe this could be counterproductive because too many action of...